Whether Q1 GDP numbers, boosted by a favourable base effect, can be sustained remains to be seen.
As regards the FDI policy of the government, he said there are not many sectors left where there are restrictions.
The economy grew by 5.7 per cent in the first quarter of the fiscal, marking the fastest growth since March 2012.
Government will present the budget when the country faces high inflation, particularly in the food segment, and a significant fiscal deficit.
The Union Budget is expected to be presented in the second week of July.
Finance Minister said initial amount of fiscal disciplining will enable India and its people to enjoy fruits of sounder economy at a subsequent stage.
‘UPA left everything empty, financial health is rock bottom’ ; ‘Tough steps may dent love country gave me, will regain it’,
Telangana recorded a GSDP (State Gross Domestic Product) of Rs 3.35 lakh crore for 2012-13.
The economy is likely to see a revival in FY15, with growth in the second half of the fiscal likely to pick up to 5.2 per cent, said TCA Anant.
The beauty of the taper is that, like Godot, it didn’t actually have to make an appearance to make a difference.
The report observed that total power demand has tapered this fiscal so far with a slowdown in growth
The central bank has been buying $85 billion in Treasury and mortgage-backed bonds each month.
Rajan said he will wait for the data to see how these forces are playing out.
UPA 1s record on the economy was much better than that of the NDA. But the last three years of UPA 2 have been incomparably disastrous 2014 vote will be on UPA 2,not UPA 1.
The economy had grown at a decade-low rate of 5 per cent last fiscal.